Why Nithin Kamath is worried about what happens to your broker when markets crash

Zerodha's co-founder says nearly half of the industry's margin trading exposure sits in illiquid, non-F&O stocks, and some brokers are running MTF books at 500% of their net worth.

May 20, 2026 - 15:00
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Why Nithin Kamath is worried about what happens to your broker when markets crash
Zerodha's co-founder says nearly half of the industry's margin trading exposure sits in illiquid, non-F&O stocks, and some brokers are running MTF books at 500% of their net worth.

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